OxFORD Asset Management LLP Boosts Stake in Zynga Inc. (ZNGA)
OxFORD Asset Management LLP grew its position in Zynga Inc. (NASDAQ:ZNGA) by 8.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 966,140 shares of the company’s stock after purchasing an additional 75,052 shares during the quarter. OxFORD Asset Management LLP owned about 0.11% of Zynga worth $3,604,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of ZNGA. Legal & General Group Plc grew its position in Zynga by 454.0% during the second quarter. Legal & General Group Plc now owns 1,414,781 shares of the company’s stock worth $5,110,000 after buying an additional 1,159,405 shares in the last quarter. Comerica Bank grew its position in Zynga by 914.3% during the second quarter. Comerica Bank now owns 306,032 shares of the company’s stock worth $1,148,000 after buying an additional 275,860 shares in the last quarter. Amalgamated Bank grew its position in Zynga by 31.7% during the second quarter. Amalgamated Bank now owns 137,196 shares of the company’s stock worth $499,000 after buying an additional 33,022 shares in the last quarter. FMR LLC acquired a new stake in Zynga during the second quarter worth approximately $8,920,000. Finally, Northern Trust Corp grew its position in Zynga by 8.1% during the second quarter. Northern Trust Corp now owns 4,667,868 shares of the company’s stock worth $16,992,000 after buying an additional 349,093 shares in the last quarter. 70.49% of the stock is currently owned by institutional investors.
A number of equities research analysts recently issued reports on ZNGA shares. Cowen reissued a “buy” rating and set a $4.50 price target on shares of Zynga in a research report on Thursday, October 12th. Wedbush set a $5.00 price target on Zynga and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Goldman Sachs Group started coverage on Zynga in a research report on Friday, September 8th. They set a “neutral” rating and a $3.90 price target on the stock. Zacks Investment Research raised Zynga from a “hold” rating to a “strong-buy” rating and set a $4.50 price target on the stock in a research report on Saturday, November 11th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Zynga in a report on Tuesday, October 17th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $4.11.
Zynga (NASDAQ:ZNGA) last issued its earnings results on Tuesday, November 7th. The company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01. Zynga had a negative return on equity of 1.37% and a negative net margin of 2.65%. The firm had revenue of $224.60 million for the quarter, compared to the consensus estimate of $211.98 million. During the same quarter last year, the business posted ($0.05) EPS. The company’s revenue was up 23.1% compared to the same quarter last year. research analysts forecast that Zynga Inc. will post 0.02 EPS for the current fiscal year.
In other news, Director Ellen F. Siminoff sold 12,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $3.79, for a total value of $45,480.00. Following the completion of the transaction, the director now directly owns 122,478 shares in the company, valued at approximately $464,191.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.43% of the stock is currently owned by corporate insiders.
Zynga Inc is a provider of social game services. The Company develops, markets and operates social games as live services played on mobile platforms, such as iPhone Operating System (iOS) operating system and Android operating system and social networking sites, such as Facebook. The Company has developed a range of social games, including games in its Slots, Words With Friends, Zynga Poker and FarmVille franchises.
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